Signs of Rotation and Rise in the Altcoin Market

Market Situation

• Bitcoin's market dominance dropped from 65% in May to the current 59%, with a price increase of only 0.25% to

$118,067

• Altcoins collectively strengthened: LINK surged 11.07%,

SOL rose 2.89%, ETH increased 0.75%

• BTC has retreated from the August 15 high of $124,457, indicating a shift in fund flow

• Clear signals of market rotation, with funds shifting from BTC to mainstream altcoins

Driving Factors

• Institutional investors are shifting from BTC ETFs to ETH and other asset allocations

• Google searches for "Altcoin" have reached a 7-year high, reflecting a surge in retail interest

• A complete "Altcoin Season" is expected in September

• The Altcoin index reached 34, and funds have significantly flowed into the altcoin market

Trading Strategy

• BTC/USDT faces resistance in the $117-118k range; failure to break through may accelerate fund outflow

• Focus on technical breakout coins like ETH (37.9% increase), SOL, and LINK

• Prioritize allocation in mainstream altcoins with concentrated fund inflows and increased trading volume

• Control leverage and set dynamic stop-losses to manage high volatility risk$BTC $ETH #加密市场回调 #山寨季何时到来？